Investor Views: "I Want to Save Enough to Retire at 40"

Private investor Andrew Hargreaves is maximising his investments now with the aim of retiring within the next 10 years

Emma Simon 30 November, 2017 | 8:36AM

Andrew Hargreaves, who works as an IT engineer in Wales, is looking to invest a significant proportion of his salary, with a view to retiring early.

He says: “I’m not looking to retire a year or two early. I’m 30 now, and if I maintain my current savings rates I’d hope to be able to be financially independent within the next 10 years.”

Hargreaves says: “I’m a big fan of the so-called FIRE approach”. This stands for Financial Independence Retiring Early, an online movement where people aim to save more, around 50% of their salary, and spend less, so they no longer have to work for a living.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Vanguard LifeStrategy 100% Equity A Acc229.87 GBP0.38
Vanguard LifeStrategy 60% Equity A Acc199.93 GBP0.21

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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